Why Teradata Stock Is Soaring on Friday

Shares of Teradata (NYSE: TDC) surged on Friday, following a strong second-quarter earnings report. The stock was up 19.7% at 1:23 p.m. EDT, having retreated from a peak gain of 21.6%.

The data storage and analytics specialist saw second-quarter sales fall 6% year over year to $457 million. Adjusted earnings decreased by 17% to $0.24 per diluted share. Your average Wall Street analyst was calling for earnings near $0.22 per share on revenue in the neighborhood of $437 million.

It's a good start but far from a full recovery. Image source: Getty Images.

Source Fool.com